Qatar Steel halts exports to meet local demand |
|
Doha - Qatar Steel (QASCO)Qatar Steel (QASCO)
has decided to stop its steel exports due to a 45 percent increase in local demand due to the construction boom in the country. QASCOQASCO officials, in a statement, said the company has decided not to export anymore in order to meet the increased demand in Qatar. "This development reflects the strength of national economy and the dynamism of the construction sector," the statement said.
Speaking on the occasion of QASCOQASCO's 30th anniversary celebrations, H E Yousuf Hussain Kamal, Minister of Finance and Economy and Chairman of Qatar SteelQatar Steel said: "The economic and industrial boom has imposed on Qatar SteelQatar Steel the necessity to keep up with the factual trends and rational developments taking place in the country. Our main aim has always been to contribute in building Qatar as a state of institutions, and contributing to the economy and growth."
Kamal also said a journey of 30 years has led Qatar SteelQatar Steel to achieve several international awards because the company's products exceed the international quality standards. "All of this is definitely due to an integrated work ethic and a united vision that constitutes the basis for Qatar SteelQatar Steel," he said.
Established in 1974, QASCOQASCO began production in 1978 and became the first integrated steel plant in the Arabian Gulf. With a factory located in Mesaieed Industrial City, QASCOQASCO supplies steel billets, hot rolled reinforcing bar and plain round bars of various cross sections and sizes.
Qasco was originally formed as a joint venture between the Government of Qatar and two Japanese companies, Kobe Steel and Tokyo Boeki. In 1997, the foreign partners were bought out and the company became wholly owned by the government.
© The Peninsula 2008
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Nissan Motor Egypt | Egypt | Transportation Products |
| KIA Motors Saudi Arabia | Saudi Arabia | Transportation Products |
| Ministry of Health - Saudi Arabia | Saudi Arabia | Ministries and Municipalities |
| Al Rashid Trading and Contracting Company | Saudi Arabia | Construction and Design |
| Al Azizia Panda United Company | Saudi Arabia | General Retailers |
| Dodsal Engineering and Construction | UAE | Construction and Design |
| Saudi Arabian Oil Company | Saudi Arabia | Oil |
Projects
| Project Name | Country | Sector |
| Ras Girtas Power Company - Ras Girtas IWPP | Qatar | Power and Water |
| IGD - Gasco - Habshan 5 Gas Processing Plant | UAE | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex | UAE | Industry |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Qatar Foundation - Sidra Medical and Research Center | Qatar | Real Estate |
| Aramco/Dow Chemical - Ras Tanura Integrated Refinery and Petrochemicals Complex | Saudi Arabia | Oil and Gas |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| Abu Dhabi Ports Company - Khalifa Port and Industrial Zone (KPIZ) | UAE | Infrastructure |
| SATORP- Jubail Refinery and Petrochemical Complex - Conversion Unit and Sulphur Package (Part 2) | Saudi Arabia | Oil and Gas |